💨 Abstract

The Asian Development Bank (ADB) forecasts India's economic growth at 7% for FY2024 and 7.2% for FY2025. ADB attributes this to robust performance in the industry and services sectors, strong agricultural growth due to an above-average monsoon, and increased labor demand from government employment-linked incentives. The report also anticipates consumer inflation at 4.7%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖